Volvo Group forms a joint venture with iTriangle Infotech to develop fleet solutions

May 16, 2024 2:05 pm

Volvo Group and Eicher Motors have formed a joint venture with iTriangle Infotech to develop and supply fleet management solutions for truck and bus customers operating in a variety of applications. 

VE Commercial Vehicles Ltd (VECV), a joint venture between Volvo Group and Eicher Motors, has formed a joint venture with iTriangle Infotech, a leading provider of telematics solutions, to develop and supply fleet management solutions for truck and bus customers operating in a variety of applications. Definitive agreements to form the JV have been completed, and the JV will focus on developing industry-leading telematics fleet management systems for VECV, using telematics hardware devices supplied by iTriangle.

Through this joint venture, VECV wants to extend its unique and industry-leading surround-service portfolio for Eicher truck and bus customers, addressing India’s rapidly evolving people and logistics ecosystem as well as certain export markets.

Vinod Aggarwal, MD & CEO VECV said “Eicher took a lead to introduce 100 percent connectivity over five years ago. Since then, all Eicher Trucks and Buses are monitored 24X7X365 at our industry leading Uptime Center. Through the MyEicher App customers have unlimited access to advanced fleet management systems. The JV with iTriangle is a next step in this journey.”

Vadiraj Katti, CEO & Co-founder, iTriangle said, “As a company focused on building advanced telematics and mobility solutions, our endeavor has always been to provide innovative offerings to our customers to make public and commercial transport safe and more productive. VECV has been a pioneer in India to drive digitalization and technology in the transport sector and we are extremely excited to partner with them to develop and offer advanced Fleet Management Solutions to the industry.”

VE Commercial Vehicles Limited (VECV) is a joint venture between the Volvo Group and Eicher Motors Limited. The company has been in existence since July 2008 and encompasses the whole line of Eicher-branded trucks and buses, Volvo buses, exclusive distribution of Volvo trucks in India, engine manufacturing and exports for the Volvo Group, non-automotive engines, and the Eicher component business. VECV, a multi-brand, multi-division firm with innovative goods and services, is now recognised as an industry leader in modernising commercial transportation in India and the developing world.